Infrastructure Needs and Reality
It has long been documented that from transportation-economic as well as social perspectives, a significant number of all transportation infrastructure mega-projects have been either complete failures or unworthy of initiation. Moreover, even among more or less successful projects, a large number were not subjected to comprehensive, or even partial, benefit-cost analysis. Hence, because all projects are the result of decision-making whether by individual decision-makers or by institutions, the fundamental question invited is as follows: What kind of process led to this reality? As stated in Chap. 1, the aim of this book is to investigate the major aspects of transportation investment decision-making in an attempt to respond to this question and thereby explain these phenomena.
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